I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Rothschild calls for Bumi head February 6, 2013 In the latest development in the bitter Bumi divorce, co-founder Nat Rothschild yesterday called on the miner’s chief executive Nick Von Schirnding to step down over claims that he misled the company and shareholders over alleged irregularities on his CV. Bumi has said that the accusations are “false”, and that Von Schirnding was hired for [...]
Balfour Beatty wins Dubai deal February 6, 2013 FTSE 250 infrastructure group Balfour Beatty has snapped up a mechanical and electrical contract worth £64m with Dubai International Airport. Awarded by the Dubai Aviation Engineering Projects, it will install the electrical, ventilation, air conditioning, plumbing and fire protection systems in the new airport concourse, which hosts between 60 and 75m passengers each year.
City Moves for 7 February 2013 | Who’s switching jobs February 6, 2013 Quilter Cheviot The asset management firm has appointed Jane Seymour as group marketing director. She joins from Rathbone Brothers, where she held a similar position. Seymour has over 20 years’ experience working in the financial services sector, and will report to chief executive Martin Baines. Catalyst Corporate Finance The advisory business has appointed two new [...]
Best of the Brokers February 6, 2013 BREWIN DOLPHIN Shore Capital has a “sell” rating on the investment manager. In spite of a 50 per cent rise in the firm’s share price since the summer, the broker still believes the firm has overstretched on its new strategy, yet the share price already assumes the plan will succeed. Shore Capital expects cost forecasts [...]
Fund managers help FTSE 100 edge up again February 6, 2013 THE FTSE 100 nudged into positive territory yesterday on a strong showing from asset managers following robust results from Hargreaves Lansdown, which outweighed declines in energy stocks. The FTSE 100 closed up 12.58 points, or 0.2 per cent, at 6,295.34, having risen 0.6 per cent the previous session after suffering its sharpest one-day percentage drop [...]
Transportation stocks weigh on Wall Street February 6, 2013 US stocks ended mostly flat yesterday, taking another pause in the recent rally that has driven the S&P 500 to five-year highs, as transportation and technology shares lost ground. Transportation stocks were among the worst performers. Shares of CH Robinson Worldwide fell 9.7 per cent to $60.50 and the stock was the biggest percentage loser [...]
NHS failures will stay common until we hold management accountable February 6, 2013 THIS is a story of appalling and unnecessary suffering of hundreds of people,” said Robert Francis QC yesterday. For those who think that the NHS is more important than the patients it exists to serve, and the taxpayers who pay for it, the publication of Francis’s report into the failings of Mid Staffordshire NHS Foundation [...]
Libor needed reform – but state control of market information is dangerous February 6, 2013 A£390M Libor fine for RBS and a $5bn (£3.2bn) US government lawsuit against Standard & Poor’s. In both the ongoing Libor and credit rating agency sagas, previously free and private information services are being pulled under regulatory control. The unwritten rule is that markets depend on information, that information should be competitively-provided, and that information [...]
The five questions Mark Carney must deliver answers to February 6, 2013 MARK Carney makes his first appearance in front of the Treasury Select Committee today. But what should the influential committee ask our new Bank of England governor? It certainly shouldn’t waste time questioning his salary. Whether the governor is paid £305,000 like Sir Mervyn King, or £874,000 as Carney will be, pales into insignificance against [...]
The Debate: Does the £15bn bid for Virgin Media mark the return of major deal-making to the UK? February 6, 2013 YES Andy Cox While the deal market has been slow over the past few years, a recent wave of high-profile activity at “big ticket” prices, like Liberty Group’s £15bn bid for Virgin Media, suggests companies and investors are regaining a taste for mergers and acquisitions (M&A). Our research suggests that there is the capacity and [...]
